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Lukas Hermann
@lukashermann.dev

In my first partnership one co-founder paid themselves a higher salary and claimed more equity, left all the work to me and another guy, then when the investment failed kicked out the other guy, left the country and let the cleanup work fall on my. So now I always sign this...

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David Tang
@davidtang.ai

Sounds really messy and painful. I was just wondering about this during the week. This is invaluable, and makes things very clear. Thanks for sharing.

Martin Rauscher
@martin.rauscheronline.de

So the vesting starts before the formation, but what happens after formation? Like, the invested shares have to be owned by someone, and I wonder if e.g. a GmbH can legally hold a majority of its own shares...

Lukas Hermann
@lukashermann.dev

Obviously at incorporation you have to distribute 100% of the shares. This is meant to help resolve conflict so everyone knows what they're actually entitles to at any one time.